$34.52
4.30% yesterday
Nasdaq, Nov 15, 10:00 pm CET
ISIN
US3498531017
Symbol
FWRD

Forward Air Corporation Target price 2024 - Analyst rating & recommendation

Forward Air Corporation Classifications & Recommendation:

Buy
13%
Hold
88%

Forward Air Corporation Price Target

Target Price $37.00
Price $34.52
Potential
Number of Estimates 3
3 Analysts have issued a price target Forward Air Corporation 2025 . The average Forward Air Corporation target price is $37.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 8 analysts: 1 Analysts recommend Forward Air Corporation to buy, 7 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Forward Air Corporation stock has an average upside potential 2025 of . Most analysts recommend the Forward Air Corporation stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.37 2.51
30.54% 83.02%
EBITDA Margin 10.62% 12.17%
33.10% 14.56%
Net Margin 0.90% -35.92%
91.33% 4,091.10%

4 Analysts have issued a sales forecast Forward Air Corporation 2024 . The average Forward Air Corporation sales estimate is

$2.5b
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. This is
15.09% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.5b 15.27%
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, the lowest is
$2.5b 15.00%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.4b 30.54%
2024
$2.5b 83.02%
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2025
$2.7b 8.38%
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5 Analysts have issued an Forward Air Corporation EBITDA forecast 2024. The average Forward Air Corporation EBITDA estimate is

$305m
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. This is
219.35% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$320m 234.83%
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, the lowest is
$300m 214.12%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $146m 53.53%
2024
$305m 109.59%
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2025
$351m 14.95%
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2026
$381m 8.60%
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EBITDA Margin

2023 10.62% 33.10%
2024
12.17% 14.56%
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2025
12.90% 6.00%
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3 Forward Air Corporation Analysts have issued a net profit forecast 2024. The average Forward Air Corporation net profit estimate is

$-901m
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. This is
0.67% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-793m 12.56%
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, the lowest is
$-990m 9.11%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $12.3m 93.98%
2024
$-901m 7,403.90%
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2025
$4.2m 100.47%
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Net Margin

2023 0.90% 91.33%
2024
-35.92% 4,091.10%
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2025
0.15% 100.42%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.43 -31.41
93.98% 7,404.65%
P/E negative
EV/Sales 1.22

3 Analysts have issued a Forward Air Corporation forecast for earnings per share. The average Forward Air Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-31.41
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. This is
0.66% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-27.65 12.56%
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, the lowest is
$-34.50 9.11%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.43 93.98%
2024
$-31.41 7,404.65%
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2025
$0.15 100.48%
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P/E ratio

Current -1.09 106.89%
2024
-1.10 0.92%
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2025
235.36 21,496.36%
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Based on analysts' sales estimates for 2024, the Forward Air Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.40 25.00%
2024
1.22 12.88%
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2025
1.13 7.73%
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P/S ratio

Current 0.46 52.35%
2024
0.40 13.11%
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2025
0.37 7.73%
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